July 2018 archive

Chesapeake Energy’s announced $2 billion sale of its Utica Shale holdings last night prompted Moody’s Investors Service this week to consider upgrading the company’s credit. Moody’s said it was in the process of reviewing the company’s corporate family rating which is six notches below investment grade and its senior unsecured rating. Moody’s indicated it might …

Oklahoma City’s Devon Energy reported major increases in oil production in the second quarter of 2018 but also saw a net loss of $425 million in earnings. The company said excluding the impact of noncontrolling interests, its net loss was $355 million It also said the results were impacted by certain items securities analysts typically …

A southeast Colorado man who suffers a lung condition and sued the Environmental Protection Agency claiming it wrongly certified the state’s compliance with air quality standards has lost his case with the 10th U.S. Circuit Court of Appeals in Denver. Robert Ukeiley lives in Lamar where the winds blow nearly constantly and create dust storms …

Oklahoma Corporation Commissioner Bob Anthony indicated he won’t take part in an Aug. 28 runoff election debate sponsored by the political news website NonDoc in Oklahoma City. As NonDoc reported this week, it will sponsor the debate of Democratic and Republican candidates who are in the runoff races. The news site said it is working …

Oklahoma remains number two in the nation when it comes to wind energy capacity, according to the American Wind Energy Association’s Second Quarter 2018 Market Report released this week. Texas is far away the top wind-producing state in the nation with 23,262 megawatts of electricity while Oklahoma trails at 7,495 megawatts of electricity produced from …

Halliburton, the company that got its start in Oklahoma and still has a strong presence in Duncan is expanding with the acquisition of a Houston based firm specializing in water and process treatment chemicals. Halliburton purchased Athlon Solutions and it will become part of Halliburton Multi-Chem business line which is a provider of specialty oilfield …

A new government report says the new route for a planned Keystone XL pipeline through Nebraska would not have a major impact on the state’s water, land and wildlife. The U.S. State Department released a draft study this week of the potential environmental impact in Nebraska where opponents have strongly opposed the 1,184-mile oil pipeline. …

While Jim Bridenstine’s running NASA after giving up his northeast Oklahoma congressional seat, the runoff to find a GOP nominee in his district remains tight. A News on 6 poll in Tulsa also shows as many voters who support former Tulsa county District Attorney Tim Harris are also undecided. The Sooner Poll survey found 37.5 …

Tulsa’s big coal company, Alliance Resource Partners, L.P. reports it had strong coal sales volumes in the second quarter of 2018. The company reported sales led total revenues higher to $516.1 million or an increase of more than 29% compared to the quarter ending June 30, 2017. Net income went up more than 36% …

With operations in Oklahoma’s SCOOP and STACK plays, Nine Energy Service, Inc. is about to release its second quarter 2018 earnings report. The results will be made known before a conference call to be held Monday, Aug. 13 at 10 a.m. central time. In May, the Houston based company reported nearly $174 million in …